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Here is a list of Business ideas for India, 2024. I’ve shared 277+ opportunities, especially curated for you. Of course, it will be insane if I explain each of these opportunities in detail. This business ideas list would become a marathon read. So, I’m just gonna give short explanations to some of these startup business ideas. Along the way, I’ll share some interesting market stats, and growth aspects as well. Here is a quick look at the 12 business ideas we discuss in detail:
- Groundnut oil manufacturing
- Herbal extraction plant
- Honey processing
- HPS-peanut
- Mango kernel oil
- Non-ferric alum
- Stone crusher
- Road marking material
- Indoor sports complex
- Day spa
- Home furnishing products
- Floor sheets retailing
and remaining we have shared as a list of business ideas at the end-
Business ideas list 2024
Business ideas list
For detailed explanations of these businesses lookout for domain specific business ideas articles on Growth Romeo. Let’s get started. F#@$, this is really a mega list of business ideas for India, 2024.
1. Groundnut oil manufacturing
Groundnut oil manufacturing
Let’s start this business ideas list 2024 with Groundnut oil manufacturing opportunities in India. It’s a highly profitable business idea.
Just to give you an idea of profits here, Peanuts can be sourced at Rs 60/ KG from the wholesale market. And you can source it at Rs 30/KG if sourced directly from farms. To produce 5 Litres Peanut Oil, you would need 10 kg of peanuts. So, you kinda spend Rs 600/- for the raw materials.
Now, you get to sell this 5 Litre at around INR 1900 – 2500.
Calculate the profit. I bet you have an open-mouth seeing the profits.
This is just the first profitable business idea in this mega list of business ideas for 2024 to start in India. Hope you liked this one. But wait, there are a lot more on this business ideas list. So, just explore first and then decide on which one you would like to pursue.
By the way, we have a separate list for best business ideas in India 2024. Did you read that?
2. Herbal extraction business plant
Herbal extraction
Next in the business ideas list is a unique startup opportunity for Agripreneurs and herbalists.
Botanical extract market is estimated to surpass $ 10 Billion by 2028. Huge growth aspects! And so, this is a perfect business to start in 2024 in India.
And which other country would better suit this business than the mother of Ayurveda? Of-course, India.
India should be your top most destination to start this business in 2024.
China, South Africa too could be a good option. BTW China presently leads this market.
What can you do in the herbal space?
If you are starting a herbal business in India, consider producing Amla for Amla Jam & Amla oil.
You may also cultivate Aloevera for Aloevera gel manufacturing business. Ideally, 3 leaves of Aloevera can produce up to a KG of Aloevera gel.
If you’re from Gujrat, Karnataka, or Rajsthan, then you may consider producing Guggul gum as well.
On a high level, herbs are extracted from Leaves, plant stems, tree barks & roots. Additionally, you can source them from flower petals, seeds, kernels and shells of seeds.
Extractors, dryers, pulverisers, and sifting are some of the crucial steps in the herbal extraction. Grinding using machinery, sterilization of microbial contamination are quinessential as well. Overall these together form the base for a herbal extraction and manufacturing plant.
The exact mechanism is dependent on the type of herbals. This business can be started with a personal capital infusion of 30 Lakhs. This is for an industrial scale plant, where 1 Crore funding should be raised from the bank.
Find more unique business ideas. Alternatively, explore upcoming business ideas, or future business ideas. You would find some good business opportunities on those lists as well.
3. Honey processing business
Honey processing
The third opportunity in this business ideas list 2024 is honey extraction and processing business.
At a small scale, you can do this business alongside a fruit cultivation farm, if you are a farmer.
Alternatively, are you a business owner? Or, do you aspire to be one? Yes? If you have a capital of 3 lakhs, then you can start this business. Start honey processing business by taking a term loan (bank finance) of around 7 lakhs.3 Lakhs would be your capital investment.
You will also need a working capital of 10 Lakhs.
Overall, the project for the honey processing business would be worth 20 Lakhs.
The Government of India is supporting entrepreneurs. Especially those entrepreneurs who want to start business in the bee-keeping for the honey processing segment.
National Bee boards, and Beekeeping loans and subsidies of 35% are available for honey processing entrepreneurs. And so, I feel this is a good small business idea. Thus, included in this mega list of business ideas for India, 2024.
Try out some ideas mentioned in the wholesale business ideas.
4. HPS Groundnut, and peanut manufacturing business
Peanut processing business
Same as the first idea in this business ideas list. But besides producing oil, you can also hand pick high quality groundnuts and sell them in the market, or you may roast and saltify these nuts to pack and ship to customers.
Additionally, you may also consider starting a peanut butter manufacturing business. Peanut butter manufacturing is one of the highly profitable business ideas and also a product in demand among fitness lovers.
5. Mango kernel oil business idea, 2024
Mango kernel
Mango kernel oil business, a different opportunity in this business ideas list, involves obtaining oil by subjecting mango seeds to high pressures. It is also called mango seed extract, mango seed oil, etcetera.
It is solid at room temperature. Mango kernel oil is beneficial to the skin especially the dry ones, and also it helps keep the mosquitoes at a distance.
Besides, mango seed oils are also found to be helpful in treating breast cancer.
Although it’s a seasonal business, we have included it in the list of business ideas for India in 2024 because it is highly profitable. And the competition for this business will be very low.
6. Non-ferric alum business idea
Non-ferric alum
There are two types of Alum – Ferric and non-ferric. These are majorly used for water cleaning and treatment. Because we know the quality of water available to us these days – so, you yourself can imagine the future demand for Alum.
This is a good future proof addition to this business ideas list for 2024.
To set up this business, you would need around Rs 10 Lakhs capital investment + business loan from the bank.
The machinery for stone crusher includes Silo, vibrating feeder, Vibrating screen, jaw crusher, hammer crusher, sand washer, drum screen, sand making machine, hydraulic cone crusher, etcetera.
Don’t miss these creative business ideas. You may also like marketing business ideas.
7. Stone crusher small business idea
Stone crusher
There is a reason behind calling this business ideas list as something which is to set you up for a volcanic success. The reason is it’s most comprehensive list of profitable business ideas in India for 2024.
Quality crushed stones are highly required in construction and building projects, especially for highways. And so, I feel this could be a really good profitable small business idea.
Stone crusher is basically all about producing sand, rock, and granular stones for construction work. This was a must include construction related business idea in this list as this business can be done at a small scale by investing in the crushing machine.
And this can also be done at a large scale by investing into the entire plant and setting up the business next to a place where you find good quality stones.
There are many other construction & machinery related opportunities on this business ideas list for 2024. Do explore those ideas in the list towards the end of this insight.
Find side business ideas for working professionals.
8. Road marking material retail business idea
road marking material
Ever noticed the white lines on a highway marking different lanes? How about zebra crossing lines at a road crossing or traffic light?
That you must have noticed. Right?
Well, these lines are drawn with marking materials which are not normal colors as they have to withstand thousands of vehicles going past them on a daily basis.
These paints are thermoplastic, water-based, or Methyl Methacrylate made.
Start manufacturing these as the present government has always played heavy on roads and infrastructure. If you believe in the autonomous vehicles running in India then this business is a perfect one for you in this 2024 business ideas list.
Explore some amazing retail business ideas.
9. Indoor sports complex – recreational business idea
Build sports complexes
You crushed the stones, built the roads, and marked them with Methyl Methacrylate. Now where would you go via these roads? I’m an indoors person, and so I would go for indoor experiences like restaurant, sports complexes, and SPAs. But you shouldn’t be excited to experience the sports complexes or SPAs, because you should be excited about building them 😉 Yes! If you are someone interested in sports and/or real-estate then this is a great business opportunity on this business ideas list for 2024.
Does this business has a demand in the market?
Indoor sports complexes are a rising trend in USA, Australia, UK, France, Russia, Germany, China, and India. People are craving for indoor sports experiences fully equipped with world class ambience, and a wide range of sporting activities. You may consider starting a healthy food serving restaurant and gymnasium as well within your sports complex. In fact, a store that retails sports goods would add diversity to your business.
What services could you provide to your customers in the indoors sports complex?
Your sports complex business idea could avail numerous services to its customers-
- you can open an indoor massage parlor center, obviously!
- also, you may provide hourly courts for basketball, badminton, tennis, skating, volleyball, sprinting tracks, etcetera
- next, you can consider opening a fully equipped fitness center with gym, yoga, dance, and aerobics facilities
- lastly, you may also open a take-away or dine-in facility only for healthy foods
- if you are willing to go one step further, then you may consider having a few deluxe rooms for business travelers. Try this if your sports complex is situated in a good locality.
Overall, this is a fantastic business idea with medium to large scale investment that you may try in 2024 in developed nations like USA, UK, Australia, New Zealand, Canada, France, Japan, Finland, Ireland, Germany, Sweden, Denmark, Austria, or developing nations like India, Pakistan, Afghanistan, China, Bahamas, Hungary, Kuwait, Nepal, Syria, Mexico, Iran, etcetera.
Next opportunity on this business ideas list is a derivative of what we discussed in this one.
Find out the top business ideas for Bihar.
10. Day spa business idea
Spa at home
Previously, day spa businesses were primarily women focused. But lately, the focus has shifted to male grooming and health.
And so, if you stay in metro cities like Mumbai, Beijing, Mexico, Washington, Dhaka, Barcelona, Santiago, or beach cities like Goa, Miami, Cape Town, Rio De Janario, Santa Monica, Dubai, san Diego, Cannnes etcetera than I believe you would have definitely spotted a rise in Unisex salons across these regions.
These SPAs basically provide services to improve the customer’s health, their beauty and helps them in experiencing temporary relaxations.
SPAs.. are the same as Salons?
You should not confuse day SPA with Salons. Of course, SPAs do provide hair care and facial enhancements just like a salon does. But in SPAs you also have Sauna, Steam rooms, and pools that are used to deliver personal care services. However, SPAs usually have certified masseuse and care givers which might not be a case with Salons.
You can open a spa within a sports complex, as a standalone business. Or alternatively, you can open it inside resorts or luxury hotels to have a consistent business.
Post Covid this could be a great business opportunity for entrepreneurs seeking their way in to luxury lovers focused businesses. You could also venture into medical spa business which is growing at a CAGR of 14.3% in India.
11. Home furnishing products
Home furnishing products
Covid was unfortunate, in-fact at the time of writing this post (we are battling wave 3). But one sector benefited a lot from Covid.
The home furnishing and home decor businesses show a huge spurt in demand. And now, because we are open to remote working and remote hiring, this rise in demand may see a drop with time but for the next few years, it will continue to rise.
What’s fueling this rise in home products?
High disposable income and less expense channels available to the millennials and gen-Z.
If you start home furniture manufacturing, or start a retail business focused on home decor products like wall hangings, and wall arts or bedding products like bed sheets and sofa covers etcetera then it would be a smart move.
Wonder why we bothered putting this on our business ideas list for 2024?
Because this has huge growth potential and the business itself is very broad. There are niche business ideas within home decor segment that can earn you millions even if you run them as a solopreneur.
For example, you can start in home improvement, home cleaning, landscaping, interior designing, cleaning, interior re-modelling, birthday theme product rentals for interior decorations, and so many other niche ideas.
Explore eCommerce business ideas for 2024 to open your own store.
12. Floor sheets retailing business idea
Floor sheets outlet
Just to elaborate on the last opportunity that we just discussed in this mega business ideas list, you can venture into retailing and fitting floor sheets for decorating and finishing room interiors.
People install floor sheets for various reason including
- matching the texture to the wall, or
- keeping the floor warm during winters as marbles tend to get extra cold, or
- hide the ugly old fashioned cemented floors in some really old buildings.
Talking about the economics behind floor sheets
You can start this business in India with an initial investment of around 3-5 lakhs, and start earning upto a lakh or two if you gain good traction. The profit comes in terms of the goods that you retail and as service charge for installing the sheets which usually takes 6-8 hours for a small 300 square feet room. Youtube and word-of-mouth will play a major role in marketing your business. If you’re in USA or Tik-Tok pro nations, than that too could be a good channel, and so could be Pinterest.
I recommend you to read the online business ideas blog, which has some really good opportunities listed in it.
That’s not it.. here starts the marathon list of business ideas
business ideas list
We detailed 8 opportunities in this business ideas list but there are 250+ more. We’ll explain these in other articles on the GrowthRomeo website & youtube channel. For now, you may go through this huge list of business ideas for 2024 to start in India, USA, Australia, UK, France, or anywhere in the world. Do reach out to us if you would like to add any business ideas here.
Business ideas list
- Mineral Grinding enterprise business idea
- Calcined Bauxite unique business idea
- Start producing Medical grade mustard oil
- Start a Fruit Jams, Squashes, and Cocktails business
- Sesame seed business
- Start a Spice grinding unit
- Make spray dried fruits F&V Powders
- Setup a Tea blending Unit
- Start manufacturing Fruit bars
- Start a small scale Besan manufacturing plant
- Produce Castor Oil for Commercial uses
- Start a Cattle & poultry feed business
- Pack and sell Roasted Nuts to make quick profits
- Start a Whole wheat floor meal evergreen business
- Start a nutritious busineess – Amla processing
- Launch a Flavored pasturised milk business
- Sell Frozen foods
- Sell Ready to eat foods
- Launch a Baker Units except Bread
- Start manufacturing Peanut butter
Business ideas list [20-50]
- Setup a Cashew processing unit
- How about starting a Confectionery business
- Extract Casein from Milk
- Start a Bread plant
- Produce nutritious Soy Milk
- Bisuit plant for sweet, cream, or premier
- Canned fruits & vegetables
- Pappad manufacturing unit
- Bakery products business
- Curry & Rice Powder export business
- Retail Desiccated Coconut Powder
- Launch a small scale Flour Mill
- Start a small scale Pickle Unit
- Roasted Rice Flakes business
- Retail or manufacture Dairy Products
- Venture into Corn and Multigrain Flakes
- Get into Cracking Nuts business
- Dal Making business Unit
- Extruded Pellets From Maida For Frying
- Manufacture and sell Ginger, Garlic, Onion Paste
- Sell Hot Air Dried Vegetables
- setup a Ice Cream Plant, Batch Type
- Start a Iodised Salt processing unit
- Sell Pre-cooked Food, Instant Noodles
- Venture into Jackfruit Processing and its products
- Setup Khakhra Making Unit
- Mini Rice Mill
- Murmura Manufacturing Unit
- Namkeen Batch Plant
- Namkeen Papad, Mathiya, Cholafali plant
Business ideas list [50-80]
- Pasteurized Milk Plant With Cold Room
- Popcorn manufacturing unit
- Poultry Farm
- Raising Manufacturing Unit
- Rice Flakes
- Seasoning for snacks
- Soy nuggets
- Vacuum dried fruits
- Wafer biscuit manufacturing unit
- Cryogenic grinding of spices
- Sherbots
- Food colors
- Coconut water in PET bottle
- Bottled Drinking Water
- Tomato Sauce Manufacturing Unit
- Malt Extract From Barley
- Sugarcane Juice Making Plant
- Ready to serve drinks and soft drinks with Co2
- Bed Linen
- Cotton Knitted Fabrics
- Elastic Tapes
- Banana Fiber Extraction And Weaving
- Sanitary Napkin Manufacturing
- Cement Mosaic Flooring Tiles
- Granite Tiles Unit
- Waterproofing Service
- Leather Belt
- Ladies Suit
- Ladies Gowns & Nighties
- Kids Wear & Baby Garments
Business ideas list [80-120]
- Denim Garments
- Ready Made Garments
- Lingerie
- Track Suits
- Shawls, Stoles, Scarves & Wraps
- School Uniform Stitching
- Made Ups
- Men’s Under Garments
- On-demand customised Garments
- Footwear business idea
- Full PVC Footwear
- Paper cups
- Disposable plastic cups
- Corrugated Boxes
- Gummed Paper Tape
- Paper bag and pouches
- Jute Carry bags venture
- Palm plate manufacturing venture
- Notebook paper manufacturing
- Briquetted Fuel
- Petroleum Jelly
- Utensils washing powder
- Utensils Washing Liquid
- Hair Dye
- Phenyl making
- Cement Paints
- Printing Ink
- Thermoforming
- Detergent Powder & Cake
- Hair Oil
- Herbal cosmetics
- Medicated Perfumery Oil
- Cleaning, Grading, and Sorting of Agro Commodities
- Toilet Soap Manufacturing Unit
- Microcellular Sheets
- Oxalic Acid
- Tissue Culture Laboratory
- Psyllium Husk Processing
- Surgical Absorbent Cotton
- Ayurvedic Formulation
Business ideas list [120-150]
- Ayurvedic Churna
- Bleached and Dehydrated Ginger
- Medicated Ghee
- Sugar Globules
- Surgical Bandages
- Dehydrated drumstick Powder
- Bio Fertilizers
- Pharmaceutical Formulation Unit
- Papaya protease Enzyme
- Spirulina Superfood
- Papain from Papaya
- Hot water bags, ice bags
- Tyre Trading
- Level Controller for Home Water Tanks
- Blow Modulated Plastic Products
- Plastic Water Storage Tanks
- Plastic Buckets
- PVC Conduit Pipes & Fittings
- Plastic Bottle
- BOPP Self Adhesive Tape
- Bubble Packing
- PTFE sealing tape
- Woven Sacks For Fertilizers
- Bags business idea
- Bathroom Fitting & Fixtures
- Ceramic Utensils
- Plastic Parts Of Engineering Equipment
- Rubber Parts For Engineering Industries
- Clay Bricks Manufacturing
- Hollow and Cement Concrete Bricks
Business ideas list [150-180]
- Lime Kiln
- Ceramic Arts
- Stone Cutting and polishing
- Plaster of Paris
- Fly Ash Bricks
- Precast cement products
- Grey Iron Casting
- Tough Iron Products
- Wire Drawing
- Steel Casting
- Tool room for sheet metal dye making
- HDPE pipe
- Drip Irrigation Pipe
- Fasteners-stainless steel
- Fasteners Steel
- Grills, Railings, Fence
- Investment Casting
- Tool room for plastic Dyes
- G.M. Bushes
- Gravity Die Casting business idea
- Pressure Die Casting
- Rolling Shutters
- Screws and Rivets
- Pins Manufacturing – staples, safety pin
- Aluminium Utensils
- Auto Leaf Spring
- Sheet Metal Fabrication
- Stainless steel Utensils
- Forgings
- Heavy Fabrication
Business ideas list [180-220]
- PCB & Mountings
- Transformer Parts & Accessories
- Computer assembling
- Computer keyboards
- Personal Computers Retailing
- Solar Items
- Water Meters
- Electrical and PLC panel boards
- Automotive Light Enclosure
- Electrical Fans
- Energy Saving Choke, LED Lights
- Domestic LPG Stove
- LPG Agency
- Electrical Cables
- Automotive Control Cables
- PVC Wire and Cable Coating
- Pressure Cookers
- Electric Curtain Openers
- Electrical Door Chimes
- Welding electrodes
- Electrical Security Systems
- Domestic water motors
- Pumping sets for agriculture
- Automatic Chikki Plant
- Cotton Yarn Dyeing
- Manufacturing of AC motors
- Material Handling Equipment
- Wheelchair Manufacturing
- Denim Washing
- Air and Oil Filters
- Portable Water Filter
- Manufacturing Circuit Breaker
- Weighing Machine
- Hydraulic Press & Shearing Machine
- Pneumatic Cylinders and Allied Components
- auto cylinder Liners
- Hydraulic Valves
- Auto Piston and piston rings
- Bronze bushes
- Silencers
Business ideas list [220-250]
- Wheel balancing and alignment unit
- Motor winding
- Brake Drums
- Coir Mattress
- Wrought Iron Furniture
- Steel Furniture
- Wooden Furniture
- Latex Foam
- Rubberised Coir Mattresses
- ophthalmic lens
- disposable plastic syringe
- Dental products
- Mineral Mixture For Cattle and Poultry Feed
- Diesel Engine Pump
- Gas Lighter
- Mobile Repairing and allied services
- Automobile repairing
- Invertors
- Neon sign boards
- Commercial Vehicle Repair Shop
- E-retail outlet for readymade garments
- Homestay facility
- Camping Facility
- Service apartments
- Online Catering home delivery services
- Ice cream Cone making
- Heritage Restaurant
- Online shopping cart applications
- web design services
- Computer training institute
Business ideas list [250 and beyond]
- CNC programming
- Software Development
- Cyber Cafe
- Xerox shop
- E-directory
- App development services
- IT automation services business for all IT firms
- Digital Marketing services business for freelancers and creative people
- Engineering workshops business for geeks
- CAD services company
- Rural Tourism business ideas
- Adventure Tourism – rejuvenating trips business for corporate and family
- Ethno Tourism – a rising business opportunity for travel lovers
- Coworking spaces business idea – the trend will be back in 2024
- Thermocol Packaging material – a rising industry with rise of eCommerce
- Lamination material production
- Logistics & e-logistics startups 2024
- Medical tracking Apps
- Diagnostic Centre – medical business idea
- Online Medical delivery services app
